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Bessent and He Lifeng meet this weekend before Trump-Xi summit on 24 Sep

The Japan Times (16 Sep 2026), citing Bloomberg, reports U.S. Treasury Secretary Scott Bessent said he will meet Chinese Vice Premier He Lifeng this weekend ahead of a Trump-Xi summit set for 24 Sep in Washington. Coverage says the sides are discussing tariff cuts on goods including U.S. energy and agriculture, and that next week’s meetings are also likely to produce an agreement to cut duties on some Chinese manufacturing inputs. No official HS list or effective date has been published.

The Japan Times (16 Sep 2026), citing Bloomberg, reports that prospects for extending the U.S.-China trade truce are firming as both sides discuss cutting tariffs on goods including American energy and agricultural products ahead of next week’s leaders’ summit.

Treasury Secretary Scott Bessent said Tuesday he will meet Chinese counterpart He Lifeng this weekend, ahead of a summit between U.S. President Donald Trump and Chinese President Xi Jinping set for 24 Sep in Washington. People familiar with the matter told Bloomberg that next week’s meetings are also likely to result in an agreement to cut duties on Chinese inputs for manufacturers.

Separately, Reuters (15 Sep) confirmed Bessent’s weekend meeting with He Lifeng as final preparatory talks before the White House visit. For importers, the practical gap remains: any reciprocal package discussed in recent coverage has been framed around roughly USD 30 billion per side, with no published product list or start date.

Source: The Japan Times / Bloomberg

Topics

  • tariffs
  • us-china
  • trade-policy
  • summit

All news

Xinhua: 140th Canton Fair opens in Guangzhou; Premier Li Qiang keynotes opening up; 30,000+ exhibitors, ~340,000 overseas buyers

Xinhua (14 Oct 2026, Guangzhou) reports that Chinese Premier Li Qiang delivered a keynote at the opening ceremony of the 140th China Import and Export Fair (Canton Fair). He said China will keep expanding high-standard opening up and will import more high-quality, high-value-added products. This edition gathers more than 30,000 exhibiting companies and about 340,000 overseas buyers. Phase 1 runs 15-19 Oct in Guangzhou, with later phases through 4 Nov.

GACC via NBD: China September exports $447.18bn (+36.3% YoY); imports $313.65bn (+31%); Jan-Sep exports +21.3%

National Business Daily (14 Oct 2026), citing General Administration of Customs (GACC) data, reports that in US-dollar terms China's September 2026 exports were USD 447.18 billion, up 36.3% year on year, and imports were USD 313.65 billion, up 31%. For January to September, exports totaled USD 3,370.7 billion (+21.3%) and imports USD 2,432.58 billion (+27.5%). The same day's SCIO/GACC briefing (China News) put September trade in yuan at RMB 5.16 trillion (+27.5%), the first month above RMB 5 tri

China News: Ningbo-Zhoushan rail-sea intermodal tops 1.6m TEU in Q1-Q3 (+8.5%); September sets monthly record

China News Service (14 Oct 2026, Ningbo), citing Zhejiang Seaport Group, reports that Ningbo-Zhoushan Port handled more than 1.6 million TEU of rail-sea intermodal cargo in the first three quarters of 2026, up 8.5% year on year. September alone exceeded 200,000 TEU, a monthly record. New products include a Middle East rail-sea train from Yiwu, domestic water-rail 'one-document' links, a Yiwu-Qinzhou domestic train, and an Aksu export train with Xinjiang 'one box to the end' export mode.

People's Daily/Jiefang Daily: Shanghai Port hits monthly record 5.135m TEU in September (+6.2%)

People's Daily Shanghai (13 Oct 2026), citing Jiefang Daily, reports Shanghai Port handled 5.135 million TEU in September 2026, up 6.2% year on year and a new monthly record. Mingdong Terminal set its own round-the-clock record at 30,056 TEU in a day. After typhoons Bavi, Dolphin and Sadr, SIPG said it cleared backlog ships with customs, maritime and border support, tightened export gate-in and transshipment flows, and cut non-working waits. Over National Day Golden Week the port handled 1.15 mi

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